Yeah.

I would start from the working assumption that you will not benefit from the UK tax treatment in the US.

You might get some sort of blended position.

Now, when it comes to blended position, there will be US tax implications to think about.

So US operates this highly penal foreign regime, deferred compensation regime.

So the minute you land in the U.S., you need to think, is my EMI option structured to bypass all those charges in the U.S. that can hit me? So get tax advice on your option.

It might be a good idea to exercise.

How do you think the path the country is choosing here in terms of these rules impact value creation in a country?